Vipshop Holdings Limited (NYSE:VIPS) Stake Lowered by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. cut its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 12.5% in the 4th quarter, Holdings Channel reports. The firm owned 1,863,897 shares of the technology company’s stock after selling 266,327 shares during the quarter. Vipshop comprises approximately 1.3% of E Fund Management Co. Ltd.’s holdings, making the stock its 16th biggest position. E Fund Management Co. Ltd.’s holdings in Vipshop were worth $25,107,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in VIPS. Venturi Wealth Management LLC acquired a new position in shares of Vipshop during the third quarter worth approximately $56,000. Blue Trust Inc. lifted its position in Vipshop by 17.5% in the fourth quarter. Blue Trust Inc. now owns 9,972 shares of the technology company’s stock worth $134,000 after purchasing an additional 1,487 shares during the period. Atomi Financial Group Inc. lifted its position in Vipshop by 10.8% in the fourth quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock worth $165,000 after purchasing an additional 1,191 shares during the period. Vontobel Holding Ltd. acquired a new stake in Vipshop in the fourth quarter worth approximately $165,000. Finally, Polymer Capital Management HK LTD acquired a new stake in shares of Vipshop during the 3rd quarter valued at $175,000. 48.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on VIPS shares. Benchmark reissued a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. Barclays increased their target price on Vipshop from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. StockNews.com upgraded Vipshop from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Finally, Citigroup cut their price objective on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $15.75.

Vipshop Stock Performance

Shares of NYSE:VIPS opened at $16.93 on Thursday. The company has a market cap of $8.69 billion, a P/E ratio of 8.10, a P/E/G ratio of 1.52 and a beta of 0.30. The stock’s 50-day moving average is $14.26 and its 200-day moving average is $14.07. Vipshop Holdings Limited has a 52-week low of $11.50 and a 52-week high of $18.75.

Vipshop (NYSE:VIPS) last issued its quarterly earnings results on Wednesday, February 26th. The technology company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.05). The business had revenue of $4.55 billion during the quarter, compared to analyst estimates of $3.82 billion. Vipshop had a net margin of 7.50% and a return on equity of 20.89%. As a group, equities analysts predict that Vipshop Holdings Limited will post 1.95 EPS for the current year.

Vipshop Announces Dividend

The company also recently announced an annual dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a dividend of $0.43 per share. This represents a yield of 2.9%. The ex-dividend date of this dividend is Friday, April 11th. Vipshop’s dividend payout ratio (DPR) is presently 24.24%.

About Vipshop

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.